Entergy Corporation $ETR Shares Acquired by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC increased its stake in Entergy Corporation by 33.2% in the first quarter, owning 12,596 shares valued at approximately $1,077,000.
• Insider Haley Fisackerly sold 4,463 shares of Entergy stock, representing a 57.36% decrease in their ownership.
• Entergy's recent earnings report showed $1.05 earnings per share, beating estimates of $0.91, and the company set a FY 2025 guidance of 3.750-3.95 EPS.

Aptus Capital Advisors LLC grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 33.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,596 shares of the utilities provider's stock after acquiring an additional 3,137 shares during the period. Aptus Capital Advisors LLC's holdings in Entergy were worth $1,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Choreo LLC increased its stake in Entergy by 12.3% during the 1st quarter. Choreo LLC now owns 9,546 shares of the utilities provider's stock worth $816,000 after buying an additional 1,042 shares during the period. First American Trust FSB purchased a new stake in Entergy during the 1st quarter worth $3,896,000. J.W. Cole Advisors Inc. purchased a new stake in Entergy during the 1st quarter worth $1,073,000. EverSource Wealth Advisors LLC increased its stake in Entergy by 24.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,390 shares of the utilities provider's stock worth $546,000 after buying an additional 1,261 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Entergy by 25.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider's stock worth $6,708,000 after buying an additional 15,892 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the transaction, the insider directly owned 3,318 shares of the company's stock, valued at approximately $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.39% of the company's stock.

Entergy Stock Down 0.0%

ETR stock traded down $0.04 during mid-day trading on Wednesday, hitting $89.56. 1,632,192 shares of the company were exchanged, compared to its average volume of 2,664,014. The company has a market capitalization of $39.98 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 2.44 and a beta of 0.57. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. Entergy Corporation has a twelve month low of $59.05 and a twelve month high of $92.40. The firm has a fifty day simple moving average of $86.31 and a 200 day simple moving average of $84.23.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period last year, the business earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. Entergy's payout ratio is 59.85%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. BMO Capital Markets lifted their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Raymond James Financial assumed coverage on shares of Entergy in a research note on Friday, June 13th. They set a "market perform" rating on the stock. Finally, Barclays dropped their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Entergy has a consensus rating of "Moderate Buy" and an average target price of $88.50.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.